According to Coinmarketcap, the price of Bitcoin was hovering at the US$7400 mark late Saturday. By Monday morning, the price dropped to US$6700. Its market cap now stands at US$116-billion, but that itself is down from US$130-billion two days ago.

Bitcoin isn’t the only digital currency that’s suffering.

Ethereum lost 6.3% of its value within the past 24 hours, Ripple tanked 6.35% and Bitcoin Cash dropped more than 9% within the past day. Litecoin tanked by 11%.

Of the top 100 cryptocurrencies by market capitalisation, only three (namely Veritaseum, Bibox Token and Theta Token) have gained value within the past 24 hours.

Author | Andy Walker: Editor

Camper by day, run-and-gunner by night, Andy prefers his toast like his coffee -- dark and crunchy. Specialising in spotting the next big Instagram cat star, Andy also dabbles in smartphone, gadget and game reviews over on Gearburn. More